Clement Ryan Moore 4
Research Summary
AI-generated summary
SelectQuote (SLQT) CFO Clement Moore Exercises RSUs
What Happened
- Clement Ryan Moore, Chief Financial Officer of SelectQuote, had restricted stock units (RSUs) convert to common shares on Feb 28 and Mar 1, 2026. A total of 27,068 RSUs converted into shares (20,834 on Feb 28 and 6,234 on Mar 1). To satisfy payroll tax withholding on the vesting, Moore surrendered 9,380 shares (7,219 on Feb 28 and 2,161 on Mar 1) at $0.86 per share, producing gross proceeds of $8,066. Net shares retained by Moore after withholding: 17,688.
Key Details
- Transaction dates: Feb 28, 2026 and Mar 1, 2026. Form filed Mar 3, 2026.
- Conversions (code M): 20,834 shares (2/28) and 6,234 shares (3/1) converted from RSUs to common stock; recorded as acquired at $0.00.
- Tax withholding (code F): 7,219 shares (2/28) and 2,161 shares (3/1) surrendered at $0.86/share to satisfy withholding taxes (total proceeds ~$8,066).
- Net new shares retained: 27,068 converted − 9,380 withheld = 17,688 shares.
- Footnotes: Shares surrendered were to satisfy withholding taxes upon RSU vesting (F1). The awards were RSUs granted under the 2020 Omnibus Incentive Plan (F2–F5); each RSU equals one share and vest ratably over multi‑year schedules.
- Shares owned after the reported transactions: not provided in the excerpt of the filing.
- Filing timeliness: Form 4 filed Mar 3 for transactions on Feb 28–Mar 1; appears filed within the typical reporting window.
Context
- These entries reflect RSU vesting and tax withholding, not an open‑market sale motivated by liquidity. The (M) entries are conversions of RSUs to common shares; the (F) entries reflect shares withheld by the company to cover payroll/tax obligations (a common “cashless” withholding practice on vesting). This type of transaction is routine for executive compensation and does not, by itself, indicate a change in insider sentiment.